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'm kelly evans. these are your headlines from around the world. >> eu leaders are nearing a historical deal in brussels which could see the region's spending reduced for the first time. >>> chinese trade going gang bust ner january while inflationary pressures ease off thanks in part to the lunar new year effect. >>> this company must not disappear. that's the french government. it says it may invest in peugeot. >> and the yen says the currency has weakened too much. >>> welcome to the final program of the week. i'm pleased we've got to this day. >> we've had a lot of time together this week. i have. and that's not why i'm pleased we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> th
. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have in-depth analysis at 10:40 cet. be
a warhead small enough to fit on a long range missile. the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one an
-claude junker says he expects the eu to real a deep on the budget today. juncker said the last of an agreement would be disastrous for the region. julia is in brussels. julia, are we going to get a budget? mr. cameron has said, look, i don't want it frozen, i want it cut. so what's going to happen? >> well, we're moving in the direction of cuts. i think the positive news is that if you compare what we were talking about in november, we've cut around 80 billion euros from the 1 trillion euro target that they were looking at back in november. so we are moving in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and france would rather have it held steady. even
the uncertainty created by the u.k. e.u. referendum and scottish referendum on independence. there's a lot of negatives surrounding sterling now. i think it has further to fall. >> we'll leave it. there we want to get your thoughts on employment, as well. we'll be right back. >>> welcome back to "worldwide exchange." let's go straight to a look at what's happening with sterling. we have seen it drop below the 154 level. bank offen land minutes just -- of england minutes just showing fisher and miles would have liked to see a 25 billion pound increase in the size of the quantitative easing program. also comes as we learn that the u.k. unemployment rate held at 7.8%. slightly better than expected drop in jobless claims. average earnings growth remains weak. here's what's happening across the gilt curve. yields coming in at 2.4%. and james, at least the gilt yield is coming in. i suppose the markets would be most worried if the opposite happened, if it were to push out here. it's interesting to hear the bank of england say they think pound appreciation is expansionary. perhaps they look at th
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu works with the 17 people and the 17 countries in th
Search Results 0 to 5 of about 6